Manager, Deal Pricing, Savings & Retirement at Pacific Life

Aliso Viejo, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Reinsurance, Insurance, Retirement ProductsIndustries

Requirements

Strong technical skills necessary to build & run actuarial/asset models and interpret the results
Prior experience in Pricing is beneficial but not essential
Broad understanding of capital modelling, asset risks & strategies for liability driven investments is desirable
Professional qualifications (FSA, IFoA, CFA or similar) with 5+ years of professional experience in an investment or actuarial team
Ability to work independently on critically reviewing numbers coming out of the model, understanding what drives changes, sense-checking results and suggesting improvements to drive price benefits
Deal focused individual. Able to work to tight timelines and periods of high-pressure to deliver on pricing commitments to internal stakeholders and clients
Background from either an actuarial or investment field

Responsibilities

Take ownership in leading quotes across S&R products and markets. Drive success from encouraging and developing deal teams
Take ownership for developing our asset pricing approaches and working with the AVP, Deal Pricing to implement & obtain approvals for new approaches to improve pricing
Identify inefficiencies in pricing processes & controls and lead projects implementing improvements to address these as part of PL Re’s drive for process enhancements
Understanding of macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing. Being able to obtain and interpret required investment data from Bloomberg and from investment teams
Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes
Working with the S&R Insurance Pricing team on understanding benefit structures and developing the insurance basis for S&R transactions
Following financial markets and being able to translate and explain changes in the market conditions into changes to pricing. Work with the asset management team to agree investment assumptions for pricing
Work with the client solutions team to continually develop our proposition and look for and build strategies that manage and mitigate risks such as currency, inflation etc
Manage pricing actuaries & analysts in the team and ensure their technical & soft skills development

Skills

Key technologies and capabilities for this role

Cashflow ModellingCapital ModellingReinsurance PricingAsset PricingALMInvestment StrategyDeal StructuringActuarial Analysis

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time employment opportunity.

What is the work arrangement or location for this role?

This information is not specified in the job description.

What key skills are required for the Manager, Deal Pricing role?

The role requires strong technical skills from an actuarial or investment background, expertise in cashflow and capital modelling, understanding of macroeconomic assumptions like interest rates and credit spreads, knowledge of capital requirements across regimes such as economic capital and NAIC RBC, and ability to interpret investment data from Bloomberg.

What is the team culture like at Pacific Life Re's Savings & Retirement Deal Pricing team?

The team collaborates closely with ALM, investment management, client solutions, and inforce management teams to deliver bespoke reinsurance solutions, optimize deal structuring, and drive process enhancements.

What makes a strong candidate for this Deal Pricing Manager position?

A strong candidate has strong technical skills from an actuarial or investment background, experience leading pricing quotes and deal teams, ability to develop asset pricing approaches and improve processes, and deep understanding of macroeconomic factors, capital regimes, and financial markets.

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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